Monday, August 1, 2011

Well I think investors are gradually realizing that it’s unusual, with all of the problems in Europe that the euro is actually relatively strong against the US dollar. They are realizing US holders don’t want to hold euros because they don’t trust the euro and the Europeans don’t want to hold dollars because they don’t trust the dollar.

Marc Faber is a famous contrarian investor and the publisher of the Gloom Boom & Doom Report newsletter.

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